NY A08676

Extends the deadline for businesses to obtain eligibility certifications for existing relocation and employment assistance programs from July 1, 2025 to July 1, 2028

Creates a new "Relocation Assistance Credit Per Employee" program allowing cities with populations over one million to offer tax credits to businesses relocating from outside New York State

Provides a tax credit of $5,000 per eligible employee for up to 11 consecutive taxable years for qualifying businesses that relocate to non-residential premises of at least 10,000 square feet

Caps the program at 3,000 total maximum approved employment shares, with individual businesses limited to 500 employment shares each, and excludes retail activities and hotel services from eligibility

Requires eligible businesses to have conducted substantial operations outside New York State for 24 consecutive months prior to relocation and to have had no employees in New York State since January 1, 2025